President Obama recently released his budget for fiscal year 2013 which will provide $27.2 billion in discretionary funds for the U.S. Department of Energy (DOE). Savings will be accrued by eliminating $4 billion in fossil fuel subsidies along with eliminating low priority programs.
The proposed 2013 FY budget will provide a 3.2% increase in funding from 2012. The DOE’s request for funding emphasizes investment in clean, sustainable energy and safely capturing our own energy resources while supporting science and innovation.
See below for areas of the budget related to transportation highlighted that were highlighted by Green Car Congress:
- Increases funding for applied research, development, and demonstration in the Office of Energy Efficiency and Renewable Energy ($2.3 billion). These funds are part of a broad energy strategy that emphasizes priorities in clean energy and advanced manufacturing, through grants, financing assistance, and tax incentives that accelerate fundamental research, technology development, and commercialization. Within EERE, the Budget increases funding by nearly 80% for energy efficiency activities and increases funding for the development of the next generation of advanced vehicles and biofuels.The proposed budget for the Department of Transportation includes:
- An increase of 2% in discretionary and mandatory budgetary resources to $74 billion.
- $50 billion in immediate investments to support critical infrastructure projects, improving America’s roads, bridges, transit systems, border crossings, railways, and runways.
- Six-year, $476-billion surface reauthorization plan to modernize the country’s transportation infrastructure, and pave the way for long-term economic growth.
- $2.7 billion in 2013 and $47 billion over six years to develop high-speed passenger rail corridors and improve intercity passenger rail service to significantly enhance the national rail network.
- More than $1 billion for 2013 for the Next Generation Air Transportation System.